- Mann said the labor market is not weak enough to bring inflation down, calling it "static" rather than loose.
- She flagged upcoming wage settlements as a concern while the BOE expects rising fuel and energy costs to push inflation notably above 4% early next year.
Quotes
“Catherine Mann said the labor market is “static” rather than loose as she warned inflationary pressures are becoming embedded.”
“she is worried about upcoming wage settlements at a time when the BOE expects rising fuel and energy costs to push inflation “notably” above 4% early next year.”